Telefónica, S.A. (TEF): history, ownership, mission, how it works & makes money

Telefónica, S.A. (TEF): history, ownership, mission, how it works & makes money

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A Brief History of Telefónica, S.A. (TEF)

Company Overview

Telefónica, S.A. is a Spanish multinational telecommunications company headquartered in Madrid, Spain. As of 2024, the company operates in multiple countries across Europe and Latin America.

Financial Metric 2023 Value
Total Revenue €43.4 billion
Net Income €3.87 billion
Market Capitalization €24.6 billion
Total Employees 110,457

Operational Regions

  • Spain
  • Brazil
  • Germany
  • United Kingdom
  • Argentina
  • Chile
  • Peru
  • Colombia
  • Mexico

Key Business Segments

  • Telecommunications Services
  • Mobile Network Operations
  • Broadband Internet
  • Digital Services

Financial Performance

Year Revenue Operating Profit
2022 €40.6 billion €7.2 billion
2023 €43.4 billion €7.8 billion

Subscriber Base

Region Mobile Subscribers Broadband Subscribers
Europe 125.4 million 23.6 million
Latin America 286.7 million 41.3 million

Digital Transformation Investments

In 2023, Telefónica invested €4.2 billion in digital infrastructure and technology innovation.



A Who Owns Telefónica, S.A. (TEF)

Ownership Structure

As of 2024, Telefónica, S.A. has a diverse ownership structure with multiple significant shareholders.

Shareholder Percentage of Ownership
Blackrock Inc. 5.04%
Norges Bank 3.02%
Fidelity Management & Research 2.98%
Capital Group Companies 2.85%
Free Float 48.20%

Major Institutional Shareholders

  • Blackrock Inc. holds 5.04% of total shares
  • Norges Bank owns 3.02% of company shares
  • Fidelity Management & Research controls 2.98%
  • Capital Group Companies possesses 2.85%

Share Capital Details

Total issued share capital: 4,704,274,074 shares

Market capitalization as of January 2024: €24.3 billion



Telefónica, S.A. (TEF) Mission Statement

Corporate Overview

Telefónica, S.A. is a multinational telecommunications company headquartered in Madrid, Spain, with operations in 2024 across multiple countries.

Financial Metric 2023 Value
Total Revenue €43.4 billion
Net Income €3.1 billion
Total Employees 110,457
Market Capitalization €24.6 billion

Strategic Mission Components

Telefónica's mission focuses on digital transformation and connectivity.

  • Provide advanced digital telecommunications services
  • Enable technological innovation
  • Expand digital infrastructure
  • Promote sustainable technological development

Operational Regions

Region Subscriber Base
Spain 45.3 million
Latin America 273.4 million
Europe 89.6 million

Technology Investment

Telefónica invested €4.7 billion in technological infrastructure and digital services in 2023.

  • 5G network expansion
  • Artificial Intelligence integration
  • Cloud computing services
  • Cybersecurity solutions


How Telefónica, S.A. (TEF) Works

Company Overview

Telefónica, S.A. is a multinational telecommunications company headquartered in Madrid, Spain. As of 2024, the company operates in multiple countries with key markets in Europe and Latin America.

Financial Performance

Financial Metric 2023 Value
Total Revenue €48.6 billion
Net Income €3.1 billion
EBITDA €15.5 billion
Market Capitalization €25.3 billion

Operational Markets

  • Spain
  • Germany
  • United Kingdom
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Mexico
  • Peru

Core Business Segments

Segment Revenue Contribution
Mobile Services €26.7 billion
Fixed Broadband €12.3 billion
Digital Services €5.4 billion

Customer Base

Service Type Total Customers
Mobile Lines 379.4 million
Broadband Connections 132.6 million
TV Customers 23.8 million

Technology Investments

Telefónica invested €4.7 billion in 5G infrastructure and digital transformation technologies in 2023.

Digital Transformation Initiatives

  • AI and Machine Learning
  • Cloud Services
  • Internet of Things (IoT)
  • Cybersecurity Solutions

Sustainability Metrics

Sustainability Goal 2023 Progress
Carbon Emission Reduction 70% reduction since 2015
Renewable Energy Usage 85% of total energy consumption


How Telefónica, S.A. (TEF) Makes Money

Revenue Streams

Telefónica generates revenue through multiple business segments across different geographical markets.

Business Segment 2023 Revenue (Euros) Percentage of Total Revenue
Telecommunications Services - Spain 8.235 billion 27.4%
Telecommunications Services - Latin America 10.582 billion 35.2%
Telecommunications Services - Brazil 5.478 billion 18.2%
Other Markets 6.015 billion 19.2%

Key Revenue Sources

  • Mobile telecommunications services
  • Fixed-line telecommunications services
  • Broadband internet connectivity
  • Digital services
  • Enterprise solutions

Mobile Service Revenue

Telefónica's mobile service revenue in 2023 reached 26.4 billion euros, representing 47.8% of total telecommunications revenue.

Mobile Service Category 2023 Revenue (Euros)
Mobile Voice Services 9.752 billion
Mobile Data Services 16.648 billion

Geographic Revenue Breakdown

  • Spain: 8.235 billion euros
  • Brazil: 5.478 billion euros
  • Germany: 3.215 billion euros
  • United Kingdom: 2.687 billion euros
  • Latin America: 10.582 billion euros

Digital Services Revenue

Digital services revenue in 2023 amounted to 4.623 billion euros, representing 15.4% of total revenue.

Enterprise Solutions

Enterprise and B2B services generated 7.412 billion euros in 2023, with cloud and cybersecurity solutions contributing significantly.

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